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City of Shells: Our Forgotten Oyster Reefs – Rediscovering the Past to Build a Thriving Future

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New Documentary Explores Hong Kong’s Forgotten Oyster Reefs and Their Role in Securing a Sustainable Future

HONG KONG, April 22, 2025 /PRNewswire/ — This Earth Day (April 22, 2025) marks the online launch of a groundbreaking documentary, City of Shells: Our Forgotten Oyster Reefs (香江遺礁), which sheds light on this lost marine habitat and the urgent efforts to restore it. Produced and directed by Mike Sakas, the film follows researchers, historical ecologists, and restoration scientists as they explore the vital role oyster reefs played in Hong Kong’s history and economy, highlighting why their restoration is crucial for the city’s environmental resilience and sustainability.

The Silent Disappearance of Oyster Reefs

Oyster reefs are one of the most endangered marine habitats on the planet, with over 85% lAost globally due to overharvesting, pollution, and urban development. Hong Kong is no exception—once home to extensive shellfish ecosystems, its reefs have been relentlessly dredged, mined for lime production, and buried under reclamation projects over the centuries.

Despite their critical role in cleaning water, providing habitats for marine life, and protecting coastlines from erosion, these ecosystems remain largely absent from marine conservation policies. Unlike coral reefs and mangroves, oyster reefs lack formal recognition and official protection. Without an increase in local conservation efforts, they risk complete disappearance in Hong Kong waters—along with the immense environmental benefits they provide.

“Even for well-known marine species, conservation is a challenge due to inadequate protection, weak enforcement, and coastal development. But for oyster reefs, the situation is even worse. Without any form of recognition, they are left out of conservation policies entirely. If this doesn’t change, these already degraded, vulnerable ecosystems will disappear completely—along with the vast benefits they provide for ocean health,” says Marine Thomas, Associate Director of Conservation, The Nature Conservancy Hong Kong (TNC), who is featured in the film.

Professor Bayden Russell, from the Swire Institute of Marine Science (SWIMS), The University of Hong Kong, says that society has forgotten the vast benefits that oyster reefs provide both nature and society.

“Oyster reefs are extraordinary! It’s globally recognised that they house amazing biodiversity of other species, they fuel productivity in marine ecosystems, and are powerhouses for filtering and cleaning coastal waters. But, sadly, oyster reefs across the Pearl River Delta were almost completely gone before living memory due to overharvesting and coastal development. Until we started looking deep into the history of the area, we didn’t even know that they existed here! Just think of all the benefits to the environment and human society that we’re missing – we need to get it back! We need restoration.” 

Inside the Documentary

City of Shells: Our Forgotten Oyster Reefs is the culmination of three years of filming, chronicling over seven years of ongoing research and conservation efforts to restore oyster reefs in Hong Kong and the Pearl River Delta. Through historical research and scientific exploration, the film reveals how oysters have shaped the region’s development — delving deeper into the socio-cultural ties between oysters and coastal communities, the lime industry that fueled early infrastructure across the region, and the thriving marine ecosystems that once flourished beneath its waters.

The film follows a team of researchers, restoration ecologists, citizen explorers, and marine scientists as they search for remnant reefs, using historical maps, ecological surveys, and underwater expeditions to piece together clues about where these lost habitats might still perdure. Their findings suggest that not all is lost, and if restoration efforts are implemented at scale, oyster reefs could flourish once more. And the prospect is enormous—by filtering millions of liters of water daily, providing essential habitats for marine species, and acting as natural coastal barriers against storms and erosion, these restored ecosystems would significantly enhance biodiversity and ocean health, bringing life back to our waters.

“Conservation is a rather young concept, and its genesis lies in a reaction to the observed loss of habitat. So, when we think about conservation, we tend to approach it with the intent of minimizing damage, and we rarely think about conservation as an opportunity for enhancing benefits. Restoration is an opportunity to enrich our environment and improve the health of systems in the region, with knock-on benefits to everyone who lives and works in the Pearl River Delta,” says Mike Sakas, producer and director of the film. “Oyster reefs fulfilled a fundamental role in both Hong Kong’s marine landscape and the city’s evolution, and yet today, they are virtually forgotten.”

“This film is not just about oysters—it is about rebalancing our relationship with the ocean,” Sakas continues. “Environmental restoration and human progress can coexist; they must coexist. We got here because of a rich environment, why would we think we could go forward without it? The good news is, in the case of our oyster reefs anyway, if we give them a chance, they have the potential to regenerate. With a nudge from us and a bit of care, these little creatures can get on with the work of restoring balance to marine environments and strengthening coastlines.”

But Sakas warns that action must be taken soon. “We are approaching the deadline for action. Without immediate restoration efforts, these ecosystems—and their immense environmental benefits—could be lost forever. Oysters certainly aren’t going to win mass adoption based on looks. But if we want to swim in clean water, take our kids fishing, and see more wildlife along the shores, then we need to get down to the business of caring for oysters. If we do, the natural features we love about Hong Kong will be even more magnificent. If we don’t, it will be our loss and our failure to future generations.”

TNC is honored to be featured in the documentary, contributing its expertise in marine conservation and restoration. Through its ongoing efforts, TNC strives to protect and restore oyster reefs as part of a broader mission to safeguard Hong Kong’s marine ecosystems for future generations.

The Asia premiere of City of Shells: Our Forgotten Oyster Reefs took place in Hong Kong on April 14, aiming to raise public awareness and increase support for oyster reefs as the Hong Kong government updates its Biodiversity Strategy Action Plan (BSAP) later this year. It was a wonderful evening celebrating the importance of oyster reefs.

In addition to the premiere, TNC, in collaboration with other featured organizations, including The Swire Institute of Marine Science (SWIMS) of The University of Hong Kong, and The Explorers Club HK, will host private screenings and public talks featuring the film’s scientists and conservationists. These events will provide insights into the ecological significance of oysters and discuss actionable solutions for protecting these vital habitats.

The full documentary is now available to the public online at www.cityofshells.com, inviting viewers in Hong Kong to learn more and take part in raising awareness for marine restoration.

This documentary was made possible through the support of Hermès Asia Pacific Limited and the dedicated efforts of numerous organizations, including The Nature Conservancy Hong Kong Foundation Limited, The Swire Institute of Marine Science, The University of Hong Kong, The Explorers Club Hong Kong, Streamline Media / TNC Australia, Airport Authority Hong Kong, Dr. Boze Hancock, Prof. Daniel Pauly, Deep Bay Oyster Cultivation Association, Edges Of Earth, Hong Kong Oyster Hatchery and Innovation Research Unit, Marine Ecology Enhancement Fund, Marine Futures Laboratory, Shelly McLeod, Charlie and Rex, Simon F.S. Li Marine Science Laboratory, The Chinese University of Hong Kong, South China Diving Club, Way Foong Charters, William Meacham, and William Sargent. Their collective contributions to research, restoration, and education continue to drive meaningful change in the conservation of oyster reefs.

For more information about the documentary or to learn how to support oyster reef restoration, visit www.cityofshells.com.

About Director Mike Sakas

Mike Sakas is a professional photographer and documentary maker who has devoted his career to documenting projects of social and environmental significance. His passion for adventure, conservation, and an insatiable curiosity underpins the narrative of City of Shells: our Forgotten Oyster Reefs and highlights the pressing issues facing our oyster reefs.

About The Nature Conservancy Hong Kong (TNC)

The Nature Conservancy (TNC) is the world’s leading international conservation non-profit organization dedicated to protecting natural places and preserving life on Earth for future generations since 1951. TNC follows a science-based conservation approach to create innovative solutions to global conservation challenges and enable nature and people to thrive together. We are currently addressing climate change at an unprecedented scale by protecting lands, waters, and oceans in sustainable ways, providing food and water resources, and helping cities become more sustainable.  Our projects span 81 countries and territories, using collaborative approaches with local communities, governments, private sector and others, to carry out various conservation projects and activities, including biodiversity conservation, forest conservation, marine conservation, climate change, and sustainable land use. TNC organizes various community projects and educational activities, aiming to promote public awareness and action towards environmental protection and sustainable development and to raise public awareness of natural environments and wildlife. TNC has been in Asia Pacific for almost 30 years with projects in Australia, China, Hong Kong (SAR), Indonesia, Mongolia, New Zealand, and the Pacific Islands. TNC was awarded the 2019 Lui Che Woo Prize – Prize for Sustainable Development. For more about TNC’s work, please visit: The Nature Conservancy (tnc.org.hk)

If you also care about environmental protection and wildlife conservation, please support TNC’s work, participate in our community projects and activities, and work together to protect the natural environment and wildlife, follow TNC Hong Kong’s social platforms for more environmental conservation information:

Facebook: TNC HK 大自然保護協會
Instagram: @tnc_hk 

About The Explorers Club Hong Kong

The Explorers Club is an international multidisciplinary professional society dedicated to the advancement of field research and the ideal that it is vital to preserve the instinct to explore. Since its inception in 1904, the Club has served as a meeting point and unifying force for explorers and scientists worldwide, and its members have been responsible for an illustrious series of famous firsts, including first to the North Pole, first to the South Pole, first to the summit of Mount Everest, first to the deepest point in the ocean, and first to the surface of the moon. The Explorers Club Hong Kong Chapter was established in 2013 to expand the Club’s mission in Asia, and to create a modern base of operations for staging more inclusive and innovating scientific expeditions in the region and beyond. Today the HK Chapter is home to over 60 of Hong Kong’s most intrepid explorers, conservationists and hardcore field scientists as well as Explorers Club members from all over the world who are drawn to its unique “Collaboration over Conquest” approach to exploration.

About The Swire Institute of Marine Science (The University of Hong Kong)

The Swire Institute of Marine Science (SWIMS) is one of the world’s leading marine research institutions. The research of SWIMS’ scientists is focused on the interaction of humanity and the ocean – SWIMS specialises in the study of coastal ecosystems, the shallow seas that hundreds of millions of people depend on for their livelihood. Using leading technology and novel, interdisciplinary methods, SWIMS studies the impact of human actions, such as climate change and pollution, on marine ecosystems and biodiversity, providing science-based solutions to conservation, restoration, and sustainable management of marine resources. Hong Kong’s maritime traditions and marine biodiversity are SWIMS’ local roots, but the impact is global. Since its foundation in 1990, SWIMS has trained hundreds of scientists from over 30 countries, who have gone on to play leading roles in marine research and conservation.

For photos download, please visit: LINK

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SOURCE The Nature Conservancy

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Lovey announces £250m senior secured credit facility with Pollen Street Capital

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UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited): 
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours. 

Website: www.lovey.com

Pollen Street Press Office:
FGS Global 
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com 

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com 

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Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

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BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

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IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

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Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.” 

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.” 

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

 

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SOURCE IBS Software

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